Energy News

Energy for blockchain products is one of the main topics of discussion for the development process of the cryptocurrency industry. As Bitcoin mining is very demanding in terms of energy usage and has become even harder to do over time, Bitcoin’s proof-of-work algorithm has been altered in other, less consuming algorithms for new cryptocurrencies. Bitcoin’s influence on the energy sector is hard to overestimate. Bitcoin energy consumption is currently taking more energy than most countries on the planet. This is not just the reason for the large profits in the energy industry but also a warning for the environment, as it is a threat to the climate with an amount of 20 megatons of CO2 emission per year. The reduction of the energy consumption for cryptocurrencies is also an important task as government environmental policies may become an obstacle for the blockchain industry.
News
Crypto allies dominate the list of witnesses slated to appear before the House Committee on Energy and Commerce.
Former pro-crypto CoC Brian Brooks to testify in a House hearing on the energy impacts of mining
Kirill Bryanov
2022-01-18T17:38:17+00:00
1948
News
The country’s Minister for Economy tweeted that the seizure of crypto mining machines will save “tens of thousands of Euros per month,” providing “energy for hu...
Kosovo police seize 300 crypto mining machines amid electricity shortages
Keira Wright
2022-01-10T05:30:46+00:00
5528
News
The Bitcoin podcaster and influencer said, “We shouldn’t apologize for Bitcoin’s energy usage — crucial things in the world use energy.”
Pomp tells CNBC there’s no need to apologize for Bitcoin’s energy use
Keira Wright
2021-12-29T03:35:45+00:00
5519
Opinion
Companies are turning to enterprise blockchain-based solutions to meet environmental sustainability goals as well as business demands.
Enterprise blockchain to play a pivotal role in creating a sustainable future
Matthew Van Niekerk
2021-12-11T18:54:00+00:00
5500
News
The report also found that a transaction on the Solana blockchain uses 24 times less energy than charging your phone.
Report claims each Solana TX uses less energy than 2 Google searches
Keira Wright
2021-11-26T03:40:15+00:00
16979
News
“The claim that Bitcoin miners jeopardize the electricity network is completely misinformed,” says EU-based fund manager Melanion Capital.
Swedish call to ban crypto mining ‘completely misinformed,’ says fund manager
Erhan Kahraman
2021-11-22T13:23:14+00:00
5788
Expert Take
New global carbon market rules with an NFT cap-and-trade platform emerge from the UN’s COP26 conference.
UN’s COP26 climate change goals include emerging tech and carbon taxes
Selva Ozelli
2021-11-21T12:00:00+00:00
4320
News
Several major players say that nuclear energy might be the best choice for Bitcoin miners.
Bitcoin miners look toward nuclear power for sustainable energy
Keira Wright
2021-11-11T05:00:06+00:00
9861

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